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Google Earning Q1 2024 [pdf]

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111–120 of 273 posts

Re: Google Earning Q1 2024 [pdf]

#111
post #108
post #103

Earlier quoted context omitted.

Or there is large scale number fudging and fraud. Just remember no one is auditing what views, likes and clicks count Google and Facebook tell you, you are getting. Advertisers just milk corporations. They dont care if the numbers are fake. They are now trained to tell everyone to spend more or you dont get attention someone else will. As Goldharber once famously said , about the Attention Economy - people have limit…

Advertisers don't always insist on seeing evidence of genuine ROI but online advertising is more measurable than most other forms of ads and when the ROI slips a lot of ads customers notice and act accordingly.

Marketing is fascinating WRT to fraud because everyone benefits from it: the ad space provider, the ad marketplace, and the marketing team who needs to show performance.

Re: Google Earning Q1 2024 [pdf]

#112
post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

>I guess our demographic is not predictive of the larger market.

The only thing this demographic is predictive of is its tendency to overestimate its degree of influence.

I want to say I'm joking, but I've unfortunately noticed that a lot of techies are very self-absorbed and detached from the wider world at large.

Re: Google Earning Q1 2024 [pdf]

#113
post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

funny you mentioned that because this demographic is the same demographic that predicted the demise of FB (it has grown in orders of magnitudes), hating on Tesla (also has been growing), didn't believe the viability of Dropbox idea.

Re: Google Earning Q1 2024 [pdf]

#114
post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

I played around with the free version of Gemini recently. I gotta say it was quite impressive. On par or even better than the paid version of OpenAI.

Re: Google Earning Q1 2024 [pdf]

#116
post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

I was asking GPT some question reg a Postgres feature , it gave me the answer with the caveat that it's knowledgebase hadn't been updated in a year. I went right back to google.

lol at people still using Google. Kagi is far superior.

Re: Google Earning Q1 2024 [pdf]

#117
post #50

A possible endgame of this quest for growth is just mixing unlabeled ads directly in with search content. Effectively pay for ranking with some quality filter. I'm pretty sure it won't come to that, but worse things have happened.

Injecting ads into the actual search results looks egregious today, but will be the norm later.

First they'll just insert them among the results but--no need to worry!--"clearly" labeled as ads. Then the labels get smaller and smaller. Like Quora, yahoo news, etc.

Re: Google Earning Q1 2024 [pdf]

#118
post #108

Earlier quoted context omitted.

Advertisers don't always insist on seeing evidence of genuine ROI but online advertising is more measurable than most other forms of ads and when the ROI slips a lot of ads customers notice and act accordingly.

Marketing is fascinating WRT to fraud because everyone benefits from it: the ad space provider, the ad marketplace, and the marketing team who needs to show performance.

I personally think this line of thought is due to people just not accepting how profitable advertising is to the end business. We're taking a clear and massive increase in profits that dwarf advertising costs. People don't advertise on meta/Google because they are duped by bots or some conspiracy between ads marketplace and marketing teams to hide the fraud. They advertise because their bottom line goes up and it's clear and direct. I once worked for a company where the only reason we'd ever drop some amount of advertising was due to supply constraints. We sold too much at certain points! It really does work.

Re: Google Earning Q1 2024 [pdf]

#119
post #73

Earlier quoted context omitted.

Yes - and what they’ve decided is a dividend. It’s the first in their history. I’m not saying it’s good or bad, but it’s something.

The interesting part is why they chose to issue a dividend instead of sticking only with a theoretically equivalent buyback.

Put money in Larry and sergey's pockets without them having to sell any shares?

Re: Google Earning Q1 2024 [pdf]

#120
post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

This might surprise people a lot. In developing countries Google is synonymous with internet. A lot of even young, people have a mental model of the internet as a subset of Google.
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